Taxes August 1, 2022
IRS Admits Mistakes Have Been Made with Some Balance Due Notices
Taxpayers who received a CP14 notice but already paid the tax they owed do not need to respond to the notice, IRS said.
Accounting July 28, 2022
PCAOB ‘Up to the Task’ of Updating Standards, Tougher Enforcement
SEC Chair Gary Gensler called out the PCAOB yesterday for being too slow to modernize old auditing standards.
Accounting July 27, 2022
Twenty Years After SOX Was Signed Into Law, SEC Chief Says ‘Who Audits the Auditors’ Still Matters
Gary Gensler said updating outdated auditing standards and strengthening auditor independence rules are still works in progress.
Accounting July 27, 2022
Big Four Firms Are Among the Most Popular Employers For College Grads
The Big Four rank just behind Amazon in an analysis of companies that have hired the most college graduates since 2019.
Accounting July 26, 2022
BDO USA Sees Revenue Jump Nearly 25% in Fiscal Year 2022
BDO is the sixth largest public accounting firm in the U.S. in terms of revenue, behind the Big Four and RSM US.
Accounting July 25, 2022
FASB Set to Issue New Rules on Supply Chain Finance Programs Later This Year
The new standard is expected to provide more transparency about these arrangements on corporate balance sheets.
Accounting July 22, 2022
Accounting Profession Has One of the Lowest Turnover Rates in the U.S.
Accounting had the third-lowest average turnover rate (9.4%) from July 2021 to June 2022 out of the 13 job functions LinkedIn analyzed.
Accounting July 21, 2022
News Flash: Accountants Feel Burned Out
Nearly all (99%) of the 204 accountants who participated in a recent survey are experiencing burnout.
Accounting July 20, 2022
KPMG Nabs Respected Grant Thornton Chief Economist Diane Swonk
Based in Chicago, Swonk will lead KPMG's Office of the Chief Economist.
Accounting July 19, 2022
FASB Could Tweak Transition Requirements in Insurance Standard
Changes might be coming regarding the financial reporting requirements for long-duration contracts issued by insurance entities.
Accounting July 19, 2022
Louisiana Accountant Sent to Jail For Stealing Nearly $1 Million From Firefighters’ Pension Fund
Wayne Triche will spend the next three and a half years in federal prison for embezzling hundreds of thousands of dollars from the New Orleans Firefighters Pension and Relief Fund.
Accounting July 11, 2022
FASB is Going to Do a Little More Research on Hedge Accounting, Statement of Cash Flows
Recent feedback from investors and other stakeholders has influenced the FASB’s research and technical agendas.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
